5237 Results from /payments
Retired Member
Bitcoin is rapidly emerging from the primeval swamp land of crypto anarchists to be of significant interest and potential impact to the established payments industry. Now well beyond its nascent stage, the bitcoin network is one of the largest distributed computer network on earth – it would be prudent therefore to ask if it is doing anything us...
16 August 2013 /payments
Brett King CEO & Founder at Moven
Recently I have been embroiled in an interesting debate on Finextra.com regarding the death of cash, or as some may classify it, the premature assassination of cash. Connected with this the threat of BitCoins have recently been extolled throughout the media with the intensity only normally afforded more existential threats such as terrorism or lar...
08 August 2013 /payments /regulation Innovation in Financial Services
Just "me, me, me!": although there are some "contactless EMV" standards, each card scheme (Visa, MasterCard and Amex) requires separate testing and certification of contactless terminals. That is simply insane! Add transit-related issues with NFC to the equation (bearing in mind that transit is the key driver for mobile payme...
07 August 2013 /payments Innovation in Financial Services
Martin Ruda Managing Director at Tall Group
Many UK companies within the financial services sector are realising the potential benefits of business process outsourcing (BPO) as an effective way of achieving savings and operating efficiencies, and better managing risk. Whilst outsourcing specific business functions and processes to a third-party organisation to drive down costs is a practica...
02 August 2013 /payments
Today innovation in banking has almost become a byword for what the next big use of mobile technology will be in helping people and businesses bank more easily and more flexibly. From m-commerce applications to digital banking platforms and personal mobile wallets, a vast number of start-ups, banks, retailers and technology vendors are all trying ...
30 July 2013 /payments
Leading the update to invited industry participants organised by the Australian Payments Clearing Association (APCA) on 29 July, Assistant Governor Dr Malcolm Edey pointed out that the Reserve Bank of Australia’s approval of the industry proposal for a New Payments Platform was not unconditional. Recalling the original brief from the RBA’s 2011 St...
29 July 2013 /payments
The European Commission (EC)’ s long awaited proposal for a revised Payment Services Directive (PSD2) published on 24 July 2013, has been overshadowed by its proposal for the regulation of Multilateral Interchange Fees (MIF), announced concurrently. PSD2 has some very significant content. The PSD established a legal and regulatory framework for p...
26 July 2013 /payments /regulation Payments strategies 2015-2020-2030
Chrysler Corporation recently issued a vehicle recall, it’s twelfth since June this year, affecting 840,000 of its automobiles around the world. Chrysler said it’s a pre-emptive measure, and cited a faulty head restraint as a reason for the recall. Vehicle recalls are almost standard procedure in the world of automobiles today, but what does it m...
26 July 2013 /security /payments
Is the UK payments space about to undergo a revolution? That is now a distinct possibility with this week’s announcement from the European Commission (EC) of its new payments service directive (PSD2) and a regulatory proposal to cap interchange fees on debit and credit card transactions. If the implications of the directive are considered alongsid...
26 July 2013 /payments
PayPal are bearish on cards - "Plastic Credit Cards Will Become Obsolete in 5 Years". Surprise, surprise! Considering that MasterCard are introducing a digital wallet fee which will affect mainly... PayPal (as well as their... plastic card launched just six months ago), that statement is not surprising. As Mark Twain put it, "the re...
25 July 2013 /payments Innovation in Financial Services
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